Bearish flow noted in Itau Unibanco with 1,177 puts trading, or 4x expected. Most active are Jan-23 7 puts and Nov-22 5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 107, while ATM IV is up over 2 points on the day. Earnings are expected on November 10th.
Published first on TheFly
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